Question

Bonus from Boss - personal check

Forum|Forum|3 years ago
April 7, 2023
1 reply
0 views

I received a sizable bonus from my boss, but it was in the form of a personal check and not reported on any forms. Is it considered a gift or do I still have to report this on my return, and if so where do I put it?

Not A Product Question

M

MonikaK1

If the bonus is not included in your W-2 or another tax form, you may enter it as Other Reportable Income:

Federal Taxes
Wages and Income
Scroll down to Less Common Income
Select Miscellaneous Income
Select Other reportable income, select ‘yes’ and you will be prompted to enter the Description and amount.

Bonuses are normally reported along with wages. See this TurboTax tips article for more information.

**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"